France’s government and financial regulators are partnering on a new pilot project to “align” the country’s sustainable finance efforts with the EU’s Action Plan.  

 The new Finance ClimAct project, which has a budget of €18m, including €10m from the European Commission, will run for five years and aims to provide financial institutions and businesses in the country with practical tools to integrate climate issues into their investment decisions.

 The initiative was devised earlier this year by the French Environment and Energy Management Agency (ADEME) and 2° Investing Initiative (2DII), the Paris-based think-tank that helped develop France’s pioneering ESG disclosure mechanism for companies, Article 173 and the EU’s sustainability agenda.

AD…